Dhabriya Polywood Reports Record Q2 FY26 Performance with 48.9% EBITDA Growth
Dhabriya Polywood Limited achieved its strongest quarter in Q2 FY26 with significant financial improvements. Revenue increased by 15.4% to INR 67.00 crores, EBITDA grew 48.9% to INR 13.70 crores, and PAT surged 82.0% to INR 7.60 crores. The company's success is attributed to an improved product mix, focus on premium segments, and strong performance across all divisions. With a total order book of INR 127.00 crores and ongoing expansion plans, including a new WPC door facility and additional Studio Arezzo outlets, Dhabriya Polywood is poised for continued growth in the PVC and modular furniture market.
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Dhabriya Polywood Limited , a leading manufacturer of PVC profiles and modular furniture, has reported its strongest quarter ever in Q2 FY26, with significant improvements in revenue, EBITDA, and profitability.
Financial Highlights
| Metric | Value | Year-on-Year Growth |
|---|---|---|
| Revenue | INR 67.00 crores | 15.4% |
| EBITDA | INR 13.70 crores | 48.9% |
| EBITDA Margin | 20.4% | 460 bps expansion |
| Profit After Tax (PAT) | INR 7.60 crores | 82.0% |
- Highest-ever Earnings Per Share (EPS) recorded
Performance Drivers
The company's impressive performance was attributed to:
- Improved product mix
- Focus on premium segments
- Strong performance across all divisions:
- PVC profiles
- Modular furniture
- uPVC windows and doors
Management Insights
During the earnings conference call, Mr. Digvijay Dhabriya, Chairman and Managing Director, highlighted the company's strategic focus on improving profitability and enhancing operating margins. He stated, "This outstanding performance reflects the strength of our diversified product portfolio, our focused execution, and the consistent progress we have made across all business verticals."
Segment Performance
- PVC Profile Extrusion: Currently operating at over 60% capacity utilization of its 24,000 metric ton annual capacity.
- uPVC Windows and Doors: Fabrication capacity of 30 lakh square feet, with current utilization at 35% to 40%.
- Modular Furniture: Contributed around 18% of the overall business in H1 FY26.
Order Book and Future Outlook
| Segment | Order Value |
|---|---|
| Modular Furniture | INR 32.00 crores |
| Windows and Doors | INR 95.00 crores |
| Total Order Book | INR 127.00 crores |
- Execution timeline for current orders: 18 to 24 months
The company remains confident in sustaining its growth momentum in the second half of FY26, supported by a healthy order book and robust demand from both retail and institutional customers.
Expansion Plans
Dhabriya Polywood is making targeted investments to enhance capacity and shorten order turnaround time:
- Setting up a dedicated WPC door manufacturing facility
- Expanding capacities in Southern India
- Planning to open two new Studio Arezzo outlets in H2 FY26, with one confirmed in Bangalore
Market Position and Competition
The company maintains a strong presence across India, with significant contributions from the Southern Belt, East, West, and North India regions. Management stated that they have not faced any new competition and that market demand remains healthy.
Conclusion
Dhabriya Polywood's record-breaking Q2 FY26 performance demonstrates the company's ability to capitalize on market opportunities and execute its strategic initiatives effectively. With a focus on premium products, operational efficiency, and expansion plans, the company appears well-positioned for continued growth in the evolving PVC and modular furniture market.
Historical Stock Returns for Dhabriya Polywood
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.26% | +1.08% | +9.22% | +19.67% | +4.93% | +1,198.22% |
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